USD moves lower after data dump but there are some limits

The USD moved lower after the data that showed inflation was under control - for now. The trade data saw a big improvement. The personal income data was solid.

Not so hot is Pres. Trump tweeted that China violated the trade agreement:

Stocks are lower. Yields are near unchanged.

The USD moved lower initially, but is moving modestly higher after the initial move.

EURUSD: The EURSUD moved above the 100-hour MA at 1.13342. The high reached 1.1357. The 1.1362 and 1.13803 are tatgets. THe high today reached 1.1389.

USDJPY: The USDJPY moved away from the 100 and 200 hour MA between 144.98 and 143.85. That area will now be resistance on a rebound

GBPUSD: The GBPUSD moved higher and away from the 200-hour MA at 1.3475, but stalled at the higher 100-hour MA at 1.3501. Earlier today, the high stalled at the 100 hour MA increases the levels importance going forward.